Review on EXMO by Temitope Babatunde
Exmo Has Many Deposit And Withdrawal Options
Exmo exchange has been in the crypto market since 2013, and since then it has been performing very well. The exchange has its headquarter in United Kingdom with offices in Barcelona, Kiev, Moscow. It has been said to be number one exchange in the commonwealth independent states.
Exmo comply with various law and regulations governing financial institutions in its jurisdictions. Of interest is that with Exmo both deposits and withdrawal is made easy with various options available, hardly can a user will not see one that will be convenient for him/her.
The exchange is in two mode, Exchange mode which is very simple for newbies who just one to buy crypto and keep and Trade mode for more experience traders who will like trading from time to time.
Since there are many ways of depositing funds, likewise all this options have there own charges, so users must check it to know which one will be most beneficial to them. Withdrawing also carry some fees,it will be good to visit their website to know the current charges. There is 0.20 percent transactions fee during trading.
The exchange has referral program where a user can earn up to 25 percent of fees generated by its referrer as commissions . There is also Exmo native token which entitled holder to 50 percent reduction on its trading fee.
There is KYC for users before they can withdraw from the exchange and there are other security measures put in place to forestall the hacking of the website, that is why since its inception the exchange has never been hacked.
There are various programa put in place to educate both new and old users and there is good customer support service.
Pros
- As there is crypto to crypto trading, there is crypto to fiat trading as well.
- There is Blog where any new changes or information is posted so that users can quickly know about it.
- There are multiple means of withdrawing including but not limited to ewallet, credit card, bank transfer etc.
- There is Over The Counter(OTC) trading for those trading with large amounts.
- There is a mode for newbies who has not have any experience with trading.
- API documentation for advanced traders.
- Substantial percentage of users fund stored in cold wallet for security purpose.
- There is 2Factors authentication.
- It has an internal payment system called ex-code, for faster conversion of funds to fiat.
Cons
- Many downtime recorded has been reported during trading.
- Conditions for deposit is not stable
- US citizens can not use it due to regulations.
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Comments (2)
August 17, 2020
Elmo exchange supports fiat currency and digital currency for deposit. You can make use of your credit card, wire transfer and cryptocurrency. The platform is not very easy to use. Above all the exchange is very secure platform.
June 07, 2020
Exmo has referral program where users can earn up to 20% of fees generated by their referrers as commissions. They also have token which the holder will earn up to 50% reduction on it Trading fee.
